Take Standard Oil, U.S. Steel or other American monopolies of the past. Yes, they were monopolies but they were localised in the United States and had relatively small influence on the rest of the world. Modern monopolies like Google, Facebook, Twitter, and WhatsApp are global. They dominate the whole world. Amazon aims to do the same. That speaks to the power of the American entrepreneurs and strength of the American capital markets.
Global monopolies have global impact. Most countries in the world like India use Google for search, Facebook to communicate with friends, WhatsApp (again, owned by Facebook) for instant messaging. The very fact that these monopolies are global is the reason why these monopolies haven’t yet dissolved as it had happened in the past to Standard Oil. By dissolving these companies America may loose its global domination.
Google, Facebook, and Twitter collect big data which can be used and actually is used to change political regimes in any given country. With global power comes global corruption. In 1887 Lord Acton wrote a letter to Bishop Mandell Creighton where he stated: “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
If people in <insert any country name> use Google, Facebook, Twitter, and WhatsApp. Can you really argue that its political processes are truly independent?
How can a small, mid-size, or even a large country like India create services that are even remotely competitive with Google and Facebook? They can’t. Or wait some of them can, I know at least one country — Russia.
Russian search is dominated by Yandex: 56% vs 38% for Google and that’s despite the fact that Google search is pre-installed on Android devices, which is a clear violation of the Anti-Trust law.
Social networks? Again, dominated by Russian VK — 2nd most popular website in Russia (right after Yandex), while Facebook is only 11th in Russia.
Instant messaging? We’ve got Telegram. Yes, not the most popular, but the most private, secure, and technologically solid.
Maybe that’s the reason why we didn’t have the Orange Revolution in Russia. Thanks to Russian computer scientists and engineers!
Now ask yourself — would you like to live in a country which is at least partially independent from global corruption? If the answer is “yes”, then we are at your service. We’d like you to bring your talent to our country and make Russia even more independent!
Founder and CEO
Vorozhtsov and Associates, LLC